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26 April 2012

Subramanian Swamy says Karti Chidambaram benefited in Aircel-Maxis deal son of P Chidambaram On April 24, Subramanian Swamy wrote letter to Prime Minister Manmohan Singh , in this letter Swamy wrote thatMr. Chidambaram should be asked to resign as Home Minister and that the CBI should include him and his son, Karti, in its investigation on the sale of telecom Aircel to Malaysia-based Maxis.

Mr. Swamy says that, Karti, benefited from Mr. Chidambaram's position as Finance Minister to earn huge profits during the sale of Aircel which Mr.Chidambaram sanctioned in 2006.

According to Swamy Maxis wanted to buy 74% stake in Aircel for nearly 4,000 crores and that this deal needed clearance from the Foreign Investment Promotion Board but P Chidambaram delayed the permission.

Mr. Swamy told to media that P Chidambaram wanted a cut so he delayed the permission.

Karti Chidambaram is a 94 per cent equity holder in a company Ausbridge Holding and Investments Pvt Ltd.

Before the deal was signed the Ausbridge holding and investment Pvt Ltd company bought shares in the holding company, Advantage Strategic Consultancy Pvt Ltd, of Aircel. When the deal went through, Mr. Swamy says, Karti Chidambaram made profits.

Swamy claims in his letter that as per the financial statements filed by Advantage Strategic Consulting, there was a financial transaction between it and Aircel Televenture owned by C Sivasankaran to the tune of Rs 26,00,444.

Mr. Swamy wants Mr. Chidambaram and his son to be included in the FIR, with Dayanidhi Maran, that looks at the Aircel-Maxis deal.